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Practices Practices Section


Distressed Debt

Overview Press Room


Proskauer’s Distressed Debt Group comprises more than 20 transactional and insolvency lawyers with both U.S. and global experience.

We represent investors in the origination, documentation, purchase, sale and restructuring of syndicated and “clubbed” debt, with a particular focus on investors in private credit structures. We analyze and advise on the underlying loan documents, credit structures and applicable insolvency laws, and provide practical strategic advice on converting debt into a controlling equity position.

Our team, with lawyers in our New York, Boston, Los Angeles and London offices, has the experience to provide the full range of services necessary to assist clients with distressed situations. We are experienced in finance, restructuring, corporate, securities, tax, labor and other disciplines relevant to distressed investors. While we are adept at developing creative solutions to achieve a consensual distressed acquisition, we also are battle tested in litigating issues that cannot be resolved consensually. Examples of the latter include contested foreclosures, use of cash collateral, cramdowns, valuation, officer and director liability, and other related litigation matters.

Areas of focus

  • Strategic distressed debt acquisitions and restructuring
  • Special opportunity investments
  • Private Credit
  • Special situation restructurings